On Monday, Rail Vikas Nigam (RVNL) shares soared nearly 3% in early morning trade after being the lowest bidder for a Maharashtra Metro Rail Corporation development.

Rail Vikas Nigam was found to be the lowest bidder (L1) by MMRCL for the design, strategy and construction of the elevated metro bridge of 6.92 km in Reach 2A of NMRP Phase-2.
The project stands at Rs 394.9 crore, executed in 30 months.

On June 22, the company won two orders worth Rs 280 crore from Madhya Pradesh state under Poorv Kshetra Vidyut Vitaran Company Limited (MPPKVVCL) in Jabalpur.
It also received three Letters of Acceptance from Chennai Metro Rail Limited (CMRL) for Underground Stations for the phase-II Project, with an aggregate value of Rs 2,326 crore last week.

At 9:28 am, Rail Vikas Nigam was trading Rs 123.65, up Rs 2.50, or 2.06% on the BSE.
The share moved individually to a 52-week high of Rs 144.50 and a 52-week low of Rs 29.75 on May 8, 2023, and July 1, 2022.
It trades 14.43% below its 52-week high and 315.63% above its 52-week low.